https://www.taxtmi.com/circulars?id=10862 Consolidation of equity and redeemable preference share capital and division of the consolidated capital into smaller denomination equity shares are not covered by the specified statutory clause and do not require the prescribed forms; instead, such a reorganisation is an arrangement that must be sanctioned by the court under section 391, and the change may be reflected in the balance sheet only after High Court confirmation, with any later increase in authorised capital effected thereafter. en-us Mon, 21 Jul 1975 00:00:00 +0530 Fri, 17 Jun 2011 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10862 Consolidation of equity and redeemable preference share capital and division of the consolidated capital into smaller denomination equity shares are not covered by the specified statutory clause and do not require the prescribed forms; instead, such a reorganisation is an arrangement that must be sanctioned by the court under section 391, and the change may be reflected in the balance sheet only after High Court confirmation, with any later increase in authorised capital effected thereafter. Circulars Companies Law Mon, 21 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10862